Since The Very #Principled #NeverTrumpers Never Talk About the Downside of Electing Their Preferred Candidate Hillary Clinton, I'll Talk About It A Bit | Main | Thursday Personal Projects Thread
September 29, 2016

Oh, By the Way, Obama Looted the US Treasury to Make Illegal Payments to Insurers to Keep Obamacare Afloat, But Vote for Hillary Because We Need to "Save Our Party" or Something

I alluded to this in the post below but did not have a link. I just knew it from John Sexton.

So here's the reason you have nothing to fear from President Hillary, my friends.

The Obama administration failed to follow its own health care law by directing funds to insurers instead of taxpayers, nonpartisan government investigators said Thursday, chalking up a win for GOP critics and denting the White House's ability to satisfy insurers who are losing money under the overhaul.

The Affordable Care Act established a three-year "reinsurance" program to collect funds from participating insurers and then pay a portion to plans that took on costlier enrollees. Yet it was supposed to allocate some of its collections to the Treasury, too.

The administration projected it would take in $10 billion for reinsurance purposes and $2 billion for the Treasury in 2014, the programs first year.

When collections fell short of estimates, the Health and Human Services Department prioritized payments to insurers over the Treasury, angering Republicans who said the agency put its contentious program over taxpayers, who got nothing.

That was illegal, that was incandescently unconstitutional, but seriously guys, we should elect Hillary Clinton to teach those low-class non-college-educated hooligans who want to replace the Presidential Seal with Pepe the Frog to ever fuck with our enlightened and benevolent power again.

I mean, Trump called an overweight beauty pageant winner overweight.

We can't have that. Not quite our class, dear.


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posted by Ace at 04:20 PM

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